One of the big three oilfield services powers in the world along with SLB and Halliburton, Baker Hughes is the surviving offspring of Howard Hughes’s Hughes Tool business and Baker Oil Tools. The Baker Hughes name originated from the merger in 1987, when the company grew into a bigger global power. A failed takeover by Halliburton in 2016 led to General Electric taking a majority stake in Baker Hughes. But the Houston- and London-based company was spun off independently again and has since restored its position as a global powerhouse for drilling, well completions, oilfield and liquefied natural gas equipment, and much more, from the onshore U.S. to the deepwater subsea.
Courtesy of Baker Hughes